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It’s the very same accounting principle across every business. Whether it be “intangible” fixed assets such as players, goodwill, intellectual property, or tangible fixed assets. By 30 June 2022 Arsenal had made a legal commitment to part with £50m and in substance it will be paid. So the...

Exactly. [Other than at Mel Morris’s Derby. To cheat FFP, he dramatically reduced annual amortisation charges to the P&L, by subjectively inventing probable market resale values for every player. Then instead of amortising down to zero at the end of each contract, he only amortised down to...

As a private limited company, I think it was more symbolic, reflecting TB's faith in PB. Hopefully for TB securing his loyalty for years to come. I see PB one day taking the EPL job, Scudamore's old job. PB's only 55, time's on his side.

I drafted a post with the 2020/21 accounts profits for all non-CL club, or 2019/20 where unavailable, with the effect of player trading profits highlighted ..... but then deleted the blooming thing. I can't be bothered to do it again :lolol: Yes, there were about 5 clubs who were headed for...

That's true about Wolves, a £21m profit, because they made a £61m profit in selling players. They have a special link with one of the super-agents who gets them top class players for a song. Then they sell eg Jota. The £127m debt write off is an irrelevance in this discussion about...

"Patience. Wait a year and I'd made a post-tax profit of £825m on Monks Farm, then we can go to the Dutch second division and buy that world class striker for £17.6m". "Thanks boss, that settles my nerves. Please can I have another pay rise and a Ferrari, for nodding? I must get on, I've...

We can actually ascertain this from the accounts, but will have to wait a year to peruse the Ben White etc terms. In these accounts to 30 June 2021, cumulatively the squad had cost £184m. £23.5m of which was unpaid by the Albion as at 30 June 2021 due within one year and another £13.3m due...

4 of which receive vast CL riches.

Other than maximising income, controlling overheads and dealing with a tidal wave of supporter complaints.

Players, including some very fortunate average players, and a few agents, are THE ONLY winners. Exponential wage increases and vast signing on fees, paid way in excess of the break-even budgets of the likes of Brighton and CP (even at pre pandemic income levels). Ditto in the Championship.

You were right, they're not. All part of trading losses or profits.

The group will quite possibly never pay corporation tax, already carrying £276m and growing of tax losses. Having cost nowt, White’s £50m will reduce our tax loss for 2021/22, or turn it into a rare profit.